Real estate has made many riches. As we know, real estate is the main reason behind the growth of many successful people.
When we see all the examples from anywhere in the world, fastest fortune makers are always the real estate players.
There's an endless list of the people who have made fortunes from real estate including Fred Trump, father of Donald Trump, the 45th President of the United States.
So as its crystal clear that real estate has been kind to many people in the history.
Now coming to the present scenario.
Will real estate still make us rich? Will it be beneficial like the old days?
Of course, the things are not that simple now; now we need to think where to invest and where to not. At times we find a perfect place to invest in, but at the later stage, people repent of their decisions.
For instance, Dubai was a perfect destination to invest for long-term gains.
But things are different now, Dubai market is at a constant decline in the real estate sector. The prices have fallen drastically. People say the reason behind this can be the 2020 Dubai Expo. Dubai is at a boom right now, and will be till 2020, but what after that? What jobs will be left and who will invest in real estate?
So should one invest in developed or developing countries?
The answer is Developing countries.
Now by developing countries, I mean countries like Argentina, Australia, India and much more.
India has been an excellent place to invest when it comes to investing in huge chunks especially in the real estate sector.
Few key points to keep in mind while investing in India:
Make your goal clear
Be sure what property you want to buy and what the purpose of your investment is, and how long you're planning to hold your money for that property.
Don't put all eggs in one basket
What I mean by this is that do not invest all your money in one property. Instead one can buy mixed properties for stable returns.
Always buy property from or of a reputed builder
What that means is that whether you are looking to purchase residential property or commercial property, make sure you take it from a reputed builder from India. I would recommend a builder like Omaxe Ltd., There are more choices as well, do check out according to the state you want to invest in.
Always check the paperwork thoroughly
Always check the paperwork thoroughly and seek the help of a professional in managing all the paperwork.
Understanding terms and conditions
Understand all the clauses or other terms and conditions of the particular project before putting your money in it.
Check out RERA number for the project
RERA stands for Real Estate Regulation Act, and it was introduced for the betterment of the investors, which makes investing in India much more manageable.
